First Look at 2015 Rate Increases Under Health Law

5/12/2014 10:42AM

In the first look at how insurers plan to adjust prices in the second year under the federal health-care law, filings from Virginia carriers show they are opting for premium increases in 2015 that will pinch consumers' pocketbooks but fall short of some bigger rate predictions. Louise Radnofsky joins MoneyBeat. Photo: Getty Images.

This transcript has been automatically generated and may not be 100% accurate.

... been been been been been been getting our first peek at the continued effect of the Affordable Care Act known to some is Obamacare ... health insurers in Virginia are beginning to publish their new brake cables for twenty fifteen at the numbers may be a template for the rest of the nation ... the Journal's Louise Radnofsky has the details and she joins us from Washington will raise hell are you ... I'm great things here ... with earnings surprises in these numbers that were seen at a Virginia ... start at Bethel of speculation about what happened to rates next year with a lot of people turned around theories for why they might go up because the rollout of the lol was really pretty awful ... or they might be checked because their permission Sinaloa designed to mitigate the risk to ensure is ... what happened in Virginia as far as we can tell from early set of rates is that the big insurer there is proposing an increase of around eight point five percent ... thats an ethically for consumers to feel the pinch from it next year ... Abady is significantly lower than these double digit increases that some corporate ... for protecting is also a big insurer their site is what is what the fourteen point nine percent increase in inflaming having a much older group of people that its insurance in the first time ... I and expressing concerns about that in the bottom end of the range of three point three percent increase from a carrier to be elected had that experience right so I e I anywhere from three to fifteen percent maybe eight or nine percent is is ... on the is the key in the middle ... of whom was averaging a pretty big state is a template ... CSN who did have a relatively similar experience to let other states under the helpful acquire thirty six the return of the task of running its exchange to the federal government's Healthcare dot that ... the bill the insurance market with regulations before the law was passed that is relatively uniform across the country the did let insurers three people on their medical history now sports under the law insurers have to charge the same price that everybody regardless said that the likely claims that they couldn't care yet ... that the ... number that eight percent number say it's around eight or nine percent ... I how does that compare to rates high in the past before Obamacare came into effect ... well certainly raise the individual market PG last year after year even before the law was passed we think there is no great day to find that people generally observe this to be the case their experience in second in the case then where Market Sioux ... Center ... for federal official basically been able to cling to this is a low rate to going up but they always allow medical costs though they could be the growth is Islam fishing is what I think we're really interested in was whether the helpful with eighty Czech as ... an econs teacher aides be much more while packing their fluctuations and so far against an early statement the first point but it tends to look at dances from you ... really interesting question that that isn't the case ... and in total some oak always signing up there's lot questions about ... the age of the people signing up to the them into composer are we getting any sense of that from these reports ... we are getting a little bit of a sense of that and we also have some sense from federal enrollment data and drinking at around thirty one percent of the people who are signing up for eighteen to thirty four this is the highly coveted demographic has a ... higher than the national average of twenty eight percent some insurance for the sole battle that they also consider anybody who's coming into the system after being uninsured to have pent-up demand and generally be in slightly worse health ... than people of their peer group of the previously had coverage ... the same time what the fourteen point nine percent increase appeared to be driven by in part is that that that seek to ensure ended up with that much older Korean from one of its plans the average age of people I'd to use another one of the fund's ... yesterday I to nine years may certainly fell back ... to RI Italy's great stuff thank you very much ... thank you